1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
zmey [24]
3 years ago
15

Inventory records for Dunbar Incorporated revealed the following: Date Transaction Number of Units Unit Cost Apr. 1 Beginning in

ventory 490 $ 2.16 Apr. 20 Purchase 420 2.63 Dunbar sold 570 units of inventory during the month. Ending inventory assuming LIFO would be: (Do not round your intermediate calculations. Round your answer to the nearest dollar amount.) Multiple Choice $1,105. $734. $894. $1,058.
Business
1 answer:
Effectus [21]3 years ago
7 0

Answer:

The correct answer is B.

Explanation:

Giving the following information:

Apr. 1: Beginning inventory of 490 units for $2.16

Apr. 20: Purchase 420 units for $2.63

Dunbar sold 570 units of inventory during the month.

Under LIFO (last-in, first-out) method, the ending inventory is integrated by the first units incorporated into inventory.

First, we need to calculate the number of units in inventory:

Ending inventory in units= total units for sale - units sold

Ending inventory in units= (490 + 420) - 570= 340 units

Ending inventory ($)= 340*2.16= $734.4

You might be interested in
Which component acts as a summary of professional achievements, education, skill set, and qualities?
taurus [48]

Hello there!

Your answer would be "<u>Career Portfolio</u>"

The reason why Career Portfolio would be the correct answer because a career portfolio contains all of the information about someone's information.

A career portfolio contains information about someone's:

  • Education
  • Skills
  • Professional Achievements
  • Qualities

A career portfolio is mostly used in things like resumes. This would help out a resume because it will show the recruitment officer a summary of your skills, and could possibly give you a better chance if you have a lot of skills and education to be apart of the job. A career portfolio would represent the potential that someone has. Career profile's are more in depth when explaining someone's skills, education, and potential than resumes. This is the reason why "Career portfolio" would be your answer.

6 0
3 years ago
Read 2 more answers
What type of investment offers both capital gains and interest income?
Len [333]
The answer is stocks.
8 0
3 years ago
Indirect materials and indirect labor are​ ________ for a manufactured product. A. overhead and product costs B. operating and p
Aleksandr [31]

Answer:

The correct option is D. overhead and period costs.

Explanation:

Indirect materials and indirect labor can be described as the materials and labor that employed or consumed in the manufacturing process but cannot be traced to a particular product.

Overheads refer to cost that cannot be traced to a particular product or any particular cost unit.

Period costs refer to expenditures that are not directly tied to the production process. Period costs are overhead or sales, general, and administrative costs.

Therefore, indirect materials and indirect labor are​ overhead and period costs for a manufactured product.

6 0
2 years ago
Global Company sold merchandise to Montana Industries for cash, $3,450. The cost of merchandise sold was $1,850. Global Company
BlackZzzverrR [31]

Answer:

Db Accounts Payable or Cash____900

Cr  Inventory account__________________900

Explanation:

The journal entry would be: If merchandise is returned to a supplier, a debit is made to Accounts Payable or Cash, and a credit is made to the Inventory account.

8 0
2 years ago
Un aumento del producto en la economía estadounidense provoca:
givi [52]
sorry i do not speak spanish but if you translate then i can help
3 0
2 years ago
Other questions:
  • John Smith owns a bookstore that is covered under an unendorsed Commercial General Liability (CGL) Coverage Form. A customer fal
    13·1 answer
  • A company with $500,000 in operating assets is considering the purchase of a machine that costs $60,000 and which is expected to
    13·1 answer
  • On June 30, 2021, Georgia-Atlantic, Inc. leased warehouse equipment from IC Leasing Corporation. The lease agreement calls for G
    8·1 answer
  • What is the opportunity cost of saving money to purchase a car?
    13·2 answers
  • Define the term partnership as a type of business
    11·1 answer
  • BlackBerry, which gained significant market share in the early 2000s in the business, government, and consumer markets, lost mar
    11·2 answers
  • Greta is concerned that one of the potential market segments she has identified for her dog grooming service is too small and ha
    10·1 answer
  • A ____________ agreement is a reinsurance agreement that allows the reinsurance company an opportunity to reject coverage for in
    10·1 answer
  • Observation of infants and toddlers entails
    9·1 answer
  • The Summerlin Company reported pretax accounting income on its income statement as follows:
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!